Oman International Development and Investment Company (Ominvest) has secured a $500 million credit facility from a consortium of banks, including Gulf International Bank (GIB) ABK and Gulf Bank.
The financing deal will enable Ominvest to drive impactful investments and generate significant value for the firm and the economies it serves. The terms of the facility underscore the institution’s confidence in Ominvest’s vision and prospects.
Ominvest’s partnership with the three financial institutions is poised to not only accelerate its ambitious growth strategy but also catalyse economic development in alignment with Oman Vision 2040.
“Ominvest is one of the largest listed investment companies in the region and has been consistently profitable with an enviable track record of uninterrupted dividend payments to shareholders. This partnership with GIB, ABK, and Gulf Bank is a testament to Ominvest’s commitment to driving sustainable economic growth in Oman,” said Abdulaziz Al Balushi, Group CEO of Ominvest.
“We are not simply seeking to grow; we are strategically positioning Ominvest to be a catalyst for economic transformation in Oman and beyond. Furthermore, as the global economy evolves, we see significant opportunities to leverage our regional expertise and partner with international investors seeking access to these dynamic markets.”
The partnership builds on Ominvest’s strong track record of successful investments across diverse sectors. Ominvest has consistently delivered strong financial results, demonstrated by a remarkable 16.9% compounded annual growth rate (CAGR) in net income since 2001.
“Our partnership with Ominvest goes beyond capital; it’s about combining GIB’s financial strength with Ominvest’s deep understanding of the local landscape. We believe the collaboration will become a benchmark for how financial institutions can partner with local investors to create lasting economic value and opportunity,” said Sara Abdulhadi, CEO of GIB.
Ominvest’s portfolio boasts high-quality assets across diverse sectors, with investee companies that are market leaders. The company achieved a return on equity (ROI) of an average of 16.5% (annualised) and maintains a healthy cash flow with moderate leverage.